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to beat president obama. a look at the war in afghanistan. now the longest war. how do we get out? does obama's policy differ from president bush's and what is the effect for generations to come? joe and mika and willie join in the conversation later this hour. we begin with the debt crisis. they are trying to make a deal on the deficit. houses of congress are rolling out separate compromises to safe off a default. harry reid is meeting with mitch mcconnell to craft a solution to appeal to both parties. according to reports, this would do the following. it would allow the debt ceiling to be raised three times for a total of $2.5 trillion. in exchange, some $1.5 trillion in spending cuts would be enacted. the plan would be established to identify new deficit cuts. proposal, already, getting a lukewarm response from the fellow republicans. among them, the freshman snar mark arubio and tom coburn. take a listen. >> it gives the president the ability to raise the debt limit. the debt limit isn't the problem. the problem is the debt. the plan, as outlined to me isn't a credible solution. >>
services and a surge of combat vets from the iraq and afghanistan wars entering the system, the demand for v.a. health care services has increased dramatically in recent years. this bill provides $58.6 billion for v.a. discretionary funding, $2.3 billion over current funding. the bill also includes $52.5 billion in fy 2013 advanced appropriations for vets' medical care. one of the very few areas in which this bill provides an increase in funding is v.a. medical research, which is $72 million over the budget request to restore funding to the current level. with little room to maneuver on the v.a. side of the ledger, the vast majority of the savings in the bill comes from incrementing or defunding certain military construction projects. the bill provides $13.7 billion for military construction, $1 billion below the request. the milcon reductions in the bill are restricted to the active-duty components. the guard and reserve components, family housing, barrack and other accounts are fully funded at the president's request. every military construction project funded in this bill is authori
in afghanistan marries the woman of his dreams, over the phone. when they couldn't get married in person, they found a way to make it happen thousands of miles apart. vote by texting 22360. text one for hacker tracker, two for grandny chases incident truder or three tore phone wedding. that will air in the next hour. >>> poker showdown, political game of chicken, hot mess. whatever analogy you prefer, the deadline to raise the country's debt limit is one week from today. still no plans. back to back tv speeches happened last night. you had president obama and house speaker john boehner squaring off or spending cuts and tax increases. >> how can we slash funding for education and clean energy. before we ask people like me to give up tax breaks we don't need and didn't ask for. >> the president has often said we need a balanced approach, which in washington mooedz means we spend more and you pay more. having run a small business, i know those tax increases will destroy jobs. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spe
now. everybody wants to talk about the wars in iraq and afghanistan. george afghanistan. george bush left office, he left a deficit of under $1 trillion. that is an obama stimulus package for one year and that was enough to hold us in iraq and afghanistan for seven years. host: let's go to a democratic caller in brooklyn, new york. caller in brooklyn, new york. caller: i think the numbers of the other caller are totally false. obama should keep his footing in this situation. the republicans say they will walk away and limit the amount of money but they will talk about that is on the table is preposterous. it is showing that they are scared and they are finally realizing that obama has an understanding of the economy and he has an understanding and backing of the people. right now is the time to change the way we need to move forward in terms of fiscal responsibility and in terms of paying our bills. with john boehner trying to figure out which way his caucus will both and which -- vote, he will lose his job and we will not be able to rectify the things that are wrong with the economy
.a. estimates that the number of iraq and afghanistan veterans in its health care system will reach well over half a million at some point next year. that is this aisn' this a 100% e 2008. this is a big challenge and one that we have no choice but to step up to meet if we're going to avoid some of the same mistakes we saw with the vietnam generation. that's why this bill includes nearly $3 billion to meet the health care needs of veterans who served in iraq and afghanistan, which is a nearly $600 million increase over last year. but it is more than just the sheer number of new veterans that will be coming home to the v.a. in the near near future. it is the extent of their wounds, both visible and invisible, that will require an untold resource from our nation. you know, through the wonders of modern medicine service members who would have been lost in previous conflicts are coming home to live productive and fulfilling lives. but they will need a lifetime of care from the v.a. and that's why part of this bill includes significant investments for research in a number of areas, including trauma
to be liked rather than respected. they have wound up being need that. >> the war in iraq and afghanistan, what would you do? >> help the iraqi security forces to govern that country. in afghanistan, we have to walk -- have to watch out for a precipitous withdrawal. it would create a new harbor for terrorism and they would lose their ability to stabilize the government. >> have you met world leaders? what has been your impression of them? >> i do not believe that is important. i look at the strategic interest of the united states and our allies and how we can mutually cooperate and mutually conflicts. >> finish this sentence. the state of the country today is what? >> an opportunity to be seized. big government and big banks have failed us. the crushing weight of the potential markets have yet to be fixed. that has helped to inhibit the ability of the american people to move forward. it is never a failure of the american people. that is not why we are having the difficulties we are having. it is the failure of governments to affect the larger institutions. for a period of time, you are ab
of honorable and distinguished service, but the fact remains that the fundamental realities in afghanistan haven't changed. "the new york times" put it plainly, noting that the general is, and i quote them, "the general is leaving behind a country racked by deep political instability whose fledging security forces are fighting a weakened but deadly insurgency that kills coalition troops and afghan civilians and officials nearly every day." that's a pretty damning assessment, mr. speaker, and it's accurate. in recent weeks two of president karzai's most powerful allies, including his brother, have been gunned down by the taliban. and ordinary afghan citizens are caught in the line of fire as never, never before. the u.n. recently reported that more afghan civilians were killed in the first half of 2011 than in any other six-month period since the war began. some these casualties are the accidental result of errant attacks and night raids by u.s. and nato forces. but the overwhelming majority of civilian deaths came at the hands of insurgents often using suicide bombers. there were nearly 1,
and afghanistan, then i would be absolutely against that. host: one more headline and then we will move on to the debt talks. "administration offers health care cuts as part of budget negotiations." this is from "the new york times" on tuesday. guest: what the president is trying to get a very recalcitrant bunch of politicians to come to the table and negotiate. he has tried many ways to get republican colleagues to come to some middle ground and has not succeeded and i suspect he is saying, look, i will put everything on the table and let us see what sticks. i suspect that is what he is doing. otherwise we just save about half a trillion dollars in medicare the next -- years through the historic health reform. how you are going to take more out without really hurting seniors, i don't know. host: steny hoyer, your democratic whip, said he was willing to work with the republicans to reduce the debt. what did that mean to you and how willing are you? guest: i think with -- what mr. steny hoyer is saying is most democrats have put things on the table, some very painful things. and i believ
say, get those troops out of both afghanistan and iraq and just consider this and iraq, the month of june that has just passed was the most deadly troops in iraq in the last two years. even as that war supposedly winding down, still very deadly and lethal for u.s. troops, as is afghanistan, far from over. >> barbara starr at the pentagon. >>> bill clinton weighing in on the presidential campaign in a one-on-one interview with wolf blitzer. he asked clinton if he fr talks to president obama about re-elected. >> not a lot. he's got plenty to do. he's had to deal -- he's got the afghanistan problem, libya problem, a whole range of other issues. if they want me to do something, i talk. >> you wait for a phone call. >> absolutely. i don't think i should. he knows i support in general what he's trying to do. i'm out here trying to explain it to people, but he's got a good team. you know, i talk to gene sperling from time to time. >> he worked for you? >> he did. he's a good man. i talked to joe biden last week about some of these economic issues, but i think it's important, you know, no
had "rambo" in afghanistan, you have a war in the afghanistan and a lot of the way we describe it is about the rambos in afghanistan. obviously, gordon gekko becomes bernie madoff and all the ripoff artist on wall street. the evil guy from "tron," i'm only have joke here, kind of is mark zuckerberg. [laughter] the a-team, the idea of the private contractor you have to hire to fix your problems for you is kind of, in some ways, blackwater or at least our reliance on private contractors and how we think about private contractors. and the evil guy, cobra, in "g.i. joe," was a very clear allusion to islamic fundamentalist terrorism. what i argue in the book is that these images, these stories became powerful in the 1990 and -- 1980s and enduring because of certain structural changes that were happening in our economy. and i told nathan by e-mail that i was going to do this. i stole and used one of the cover graphics of nathan's book to sort of highlight how this happened. but an argument in this book is that things change in the 1980s in a way that made the storylines and the icono
influences our decision-making. you're the soviet invasion of afghanistan, which reignites the cold war period and makes the importance of u.s. national security fears ever more important for the american public. you've got economic issues at home that certainly dog people's perceptions of the administration, as well as the ability of the government to finance the things that it would like to do. all of those things and many, many more of course influence very to policies and the carter administration, and certainly space policy as well. so it's my pleasure to ask art to come up to the podium. he developed the memoranda for the present on many national security issues, including space policy and export controls. art. >> thank you. it's interesting to be your come and thank you for the invitation to represent the carter administration space policy in the evolution of space policymaking. i'd like to thank the space enterprise institute and the marshall institute for sponsoring this event. as i look over the audience, it's interesting to see a multi-generational, people that work with over
or afghanistan. at one point the c.i.a. director, leon panetta, speculated that if osama bin laden had been captured alive, he would have been sent to guantanamo. over time, it became clear that the administration did not have a policy in place that could address this circumstance. and so without a straight answer, we were left in the dark on how this administration would handle an enemy combatant captured overseas. finally after waiting 18 months, i think we have our answer. as was disclosed yesterday, he has been in military custody for months during which time he has been interrogated by various law enforcement agencies. however, now he has been read his miranda rights. this is a somalian terrorist captured overseas has now been read his miranda rights. why? why? why is a man who is a known terrorist and member of the united states -- and enemy of the united states being afforded the protections of an american citizen? and now he is in the hands of civilian authorities and will be given all the rights according to a u.s. citizen in a civilian court. it is truly astonishing that this admi
to the war in afghanistan. he's given on taxes. he mised a huge opportunity in my opinion there. why can't the republicans just open their minds a little bit, give a little bit. go back on a commitment to make something happen. >> obama is wrong. >> he's not wrong. >> he had a $780 billion stimulus. the $700 billion tarp, three deficits for $1.5 trillion. we have the fete pumping in $600 billion. it hasn't worked. and so it hasn't -- if it hasn't worked, cohen calls this a cult. the cult won 63 seats. six months ago. what happened to his party. >> thankfully we didn't listen to republicans on the carr industry without the investment the american people made, we would have lost gm, chrysler, ford, and lost our ability on the global stage too. thank god we ignored the republicans when it came to saving the financial system without it. it was the right thing to do for them to pay them back. but what i want to know, ray torically, is where was the team party when bush ran the debt up. they were absent. this isn't as much political as it is substance. i don't doubt they have considerable repu
a loved one in afghanistan. ethan and stephanie, bowing here at arlington cemetery, lost their father on may 12 of this year. the sergeant, who was stationed at camp lejeune marine base, and another was sent with the mission to train afghan citizens to become police. the men had just sat down to dinner when a rogue trainee opened fire killing both men. in an email to his wife the day before he died, the sergeant said, and i quote, i don't trust them. i don't trust them for anything, not anything at all. this brings me to a quote from a.c. snow's recent column tiled "time to bring them home: let them live." mr. snow is a well-known correspondent in north carolina. and i quote, it seems we never run out of wars. it is as if one small country after another sends out a grave's invitation reading, we're having a war, please come. and uncle sam borrows millions to offer freedom our nation building. mr. speaker, i go back to the two little girls in this picture. how many more children will be at the grave site of a loved one? how many more have to known the pain of war? i further quote from
in afghanistan in a strategy of nation building that is not the best use of our national security, not the best use of our soldiers who are there to fight for our national security, but those are decisions that were made in the past. and we must pay the bill on those decisions even when i disagreed with them. and then we need to put together a plan that takes on our deficit and our debt, and that plan has to put all of the options on the table. some of my colleagues across the aisle, they said, well, we want to protect the tax spending programs where we've tucked in tax provisions for the wealthy and the well connected. we want to defend those. we don't want to touch those for the best-off americans. but we want to cut the programs for working americans. that is unacceptable. we have seen enormous increase in the disparity between the wages and welfare of our citizens in general and the best-off becoming much, much wealthier proportionately. we can't continue to say that we're going to protect the well-connected while attacking working families. that's not the america we want to build. we want
, for example, thel war in afghanistan are committing the united states of america to spending $10 billion a monthhis em gomen in uniform. cin members of a family who are ovei there waging this war. they voted for that. money president obama has said toe m them, the bill is coming in for the war inre afghanistan. sayine i have to very money to pay for it. fo fo houseeb and senate who voted for the war not to understand say wr won't pay the bills.nistan. we want allow you, mr. president to sustain our military force io afghanistan. that is literally what we'ren do taught about here in this debate. the american people are turning to come to understand it because when you first ask a person, tht obvious answer is no, are you crazy, senator? by what i want one of them in this country? we need more less stack, notts e more. when you go to the point ofjusto explaining that this is to pay d for things we authority -- that's the authority incurred, it isn't just a wage of war. 65a it is a debt incurred to pay fot medicare. we staaidl a to 65-year-olds acr america, you get medicare that will be the
and afghanistan and places around the world. there has to be hope. the reason why i know there is hope is because my own industry, the energy industry, just created a program for veterans who jobs through the energy industry. i'm asking them to create one for 18 to 35-year-olds. businesses are still alive and well. the financial services, the banking entity must be involved in providing access to credit for our smaller businesses who are creating jobs. we are alive and well. and so i believe what we should do is to go forward with a package that is reasonable. that lifts the debt ceiling as we did for everyone else. i would vote for a clean debt ceiling. lift it up. then begin to with great common sense plan our budget and our cuts. mark zahny -- zandi has said that. an economist who worked for a number of republicans, such as john mccain, former presidential candidate. why are we trying to reinvent the wheel? all economists will say, you don't make immediate cuts in this fiscal year, you project them out. just like budget and household. they move out. they do what they are going to do for the mo
these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so many years of tax cuts that have tilted far more t
wars in iraq and afghanistan and participate in the nato exercise in libya. that's pretty expensive undertaking. we know that that has gone up 84%, military spending, in the last ten years, gone up 84%. we know at the same period of time that spending on mandatory programs -- that would be like social security, medicare, medicaid, agriculture payments, veterans payments. spending for those payments over the last ten years has gone up 32%. and we know that the rest of the budget, the so-called domestic discretionary spending which would include things like building highways, keeping federal prisons open, providing pell grants to college students, giving children from poor families early childhood education, putting money at the national institutes of health for madam chair research. that's one section of the budget. it comprises 12% of our budget. in the last ten years that part of our budget has gone up zero percent. no increase in spending in that section. most of our spending goes into the military, 84% increase over ten years, and mandatory programs, 32% over ten years. the bigge
have or do that wouldn't have to raise the debt ceiling. one is the iraq and afghanistan war, it's george bush's war. i think what we need to do is go after george bush, dick cheney, and donald rumsfeld and let them pay for their wars that they got us into. the second thing is that we need to stop sending our money overseas and start helping our own people. the third thing is that all of these senators and congressmen that are making making $170,000 a year and making these poor choices, if they would be making $40,000, $50,000 a year, every one of their dumb decisions that they make wouldn't only affect us but it would affect them. host: thank you for your call. next up is royal oak, michigan. this is eugene a republican. good morning. caller: yes. i am calling in regards -- i'm very disappointed in boehner. i was going to send him some money, but now i'm not. i gave allen west some money, and i'm getting disappointed in him for him caving. i can't understand why the mainstream press insists on sending the republicans -- saying the republicans are at fault all the time when they
billion in iraq and afghanistan to train the security forces, less than $10 billion to retrain our work force for the jobs of the future. well, mr. president, i see others have come on the floor. i'll wrap this up. deficit reduction is important. i'm not saying it isn't. but it is not the single-most important thing right now. the single-most important thing is to put people back to work. that will, as senator wyden said earlier, start to create the demand. it will spur more private investment as the federal government begins to invest in the future of this country. that's where we ought to be focusing on. once we get the wheels going again, once we get people back to work and the economy start to to -- starts to grow, that's when we start to reduce the deficit. to just focus on deficit reduction right now to the exclusion of putting people back to work reminds me of when doctors used to put leaches on people who were ill. it only made them more ill because it drained more blood out of their system. and most times proved fatal, as it did to our first president, george washington. our ur
arsenal. the current inventory is getting old and worn down from iraq and afghanistan. some equipment can be refurbished with life extension programs, but there is no getting around the fact that others must be replaced. when it comes to our military modernization accounts, he said the proverbial low-lying or low-hanging fruit, those weapons and other programs considered most questionable have not only been plucked, they have been stomped on and crushed. what remains are much-needed capabilities relating to our air superiority, our mobility, long-range strike, nuclear deterrents, maritime access, space and cyberwarfare, ground forces, intelligence, surveillance and reconnaissance that our nation's civilian and military leadership deemed absolutely critical. and he gave examples of a new tanker. he noted the ones we have are twice as old as many of the pilots who are flying them. a new generation strike fighter, the f-35. he said we have got to build more ships. the size of the navy has sunk to the lowest number since prior to world war ii. the army and marines, doing the bulk of our fight
of the budget have been on the military side as we wage the war mechem iraq and afghanistan and participate in exercises in libya that's an expensive up undertaking. we know that has gone up 84%last military spending in the laste ten years 84%. we know the same purpose of time itat spending on mandatoryur programs wouldy, be like social security, medicare, medicaid,vea payments, spending for those u payments over the last ten years has gone up 32%. and we know that the rest of the budget, the so-called domestic diretionary discretionary spending whichde k would include things likerisons building highways, keepingrants federal prisons open, providings pell grants to college studentsr giving children from poor families early childhood education and for research, that's one section of the budgef that's 12% of the budget and in the last ten years that part of our budget has gone up 0%. no increase in spending in thatf section.g goe most of our spending goes into the military, 84% increase over ten years and mandatory programs for 32% over ten years. federal spending, the thing wef: can't seem t
with a situation like 9/11 or the war in iraq or afghanistan are terrorism? what if there is unforeseen event that would force government to spend more money than it takes an? guest: the legislation would have to be written to be including situations when we get like that. i am no expert on the u.s. economy so i want to put that disclaimer out there right now. but we are spending more than we're taking in and it is not sustainable. we cannot continue down this path. when you have the medicare board of trustees coming out in the month of may and releasing a report that says, if medicare is not reformed in 2024, it will be bankrupt, it is irresponsible for washington not to do anything about their when you know you are facing this problem. we need to deal with that. we need to do some entitlement reform across the board. we cannot balance the u.s. budget by cutting discretionary spending. host: i realize that this is still coming together so the information continues to evolve. but based on what we hear this morning, it is a $1.4 trillion increase in the debt limit immediately. based on misinfo
winding down wars in afghanistan and iraq and managing the conflict in libya as well as dealing with calls of cuts in defense spending eechl replace robert gates who is retiring after four plus years on the jobs. those are your headlines. >> most americans get the extended holiday weekend. most americans return to work on tuesday. congress usually gets a week and a half to two weeks off. they take a nice long recess. it's not going to happen this time because the president and congress are going to be trying to work through some of these debt deals. senate majority leader harry reid saying no to the recess. >> that's right. they're going to continue these debt talks, as you all know, the deadline is august 2nd. president suggesting, though on thursday they need a deal by july 27th to get legislation out. here's what they said about the president on thursday. >> if maybe he would take a valium and calm down, it might be helpful. >> a valium. a valium in case you missed that. >> they have been going after each other, everybody in washington. the president said i've been here, let's get back
iraq and afghanistan sooner than many here would like or that the president would like, and save substantial sums if we do that. most certainly if we're going to go forward with shared sacrifice, yes, we do have to ask billions, despite all of their power and all of their campaign contributions and all of their lobbying, maybe the billionaires who are doing phenomenally well may have to contribute to deficit reduction. yes, maybe those companies that stash their money in tax hyphens in pwerpld and the cayman eye hraldz -- in bermuda and the cayman islands, maybe they are going to have to start paying their fair share. on my web site which is sanders.senate.gov, i put a small letter which said to the president, mr. president, stand tall. take on these right-wing ideologues who want to make devastating cuts to working families. and in a couple of weeks we have 135,000 signatures on that letter, and i think that letter reflects what the american people want. they want shared sacrifice. they do not want to see the elderly, the kids or working families being battered more and more, es
, they get cheap cocaine and heroin from afghanistan, and what does hezbollah get? they get proximity to the lawlessness of mexico right next to the poorest mexican-united states border and that they could have a base of operations to attack u.s. interests. alisyn: oh, boy that is scary stuff. thanks so much for explaining it to us, trace. meanwhile washington is busy today. we are awaiting several new conferences on the debt standoff. first off republicans will tell us how americans can save money according to them. why are democrats already against the plan? and thousands in a tight knit jewish community here in new york city are mourning the brutal murder of a nine-year-old little boy. the suspect is now in custody. how this horrific crime could have been prevented. plus, casey anthony will be a free woman on sunday and she is ready to walkway with a few extra bucks in her pocket. we'll tell you who is sending her money. and we'll have an exclusive interview with the for man in this case. >> she has an absolute constitutional right not to testify. everyone wonders why whether the j
in afghanistan celebrate the 4th of july with general petraeus, his last holiday in uniform before becoming the director of the c.i.a. and we thank all of our troops and their fells -- their families and troops for their sacrifice. >> thank you for watchingod
looks into counter narcotics operations in afghanistan. live coverage on c-span3 c- span.org. . >> this weekend on c-span2, literacy, economics, humor. malcolm x and the obama administration. few of the panels from our haarlem book festival. barack."er i what you try to do with your stolen moon rocks? don't try to sell them on line. sign up for book tv alerts. >> "the supreme court" is now available as a standard and enhanced e-book and tells the story to the eyes of the justices themselves. 11 original c-span interviews with current and retired justices. this new e-but includes an interview with the new supreme court justice, elena kagan. watch multimedia clips from all the justices. available now where every e- books are sold. >> revisit the civil war this weekend on american history tv on c-span 3. sunday we are live from the manassas national battlefield and the hundred 50th anniversary of the battle of bull run. lincoln and his transformation into a wartime commander in chief. what civil war programs throughout the weekend. peter carmichael looks at the social, polit
a war of necessity in afghanistan, keeping us there far longer than necessary, at an additional cost of $430 billion, unpaid for. a total cost for both wars, unpaid for, of $1.2 trillion. the republican party that will not now agree to one penny in revenue and demands only more spending cuts has fought to make tax breaks for the wealthy permanent that would cost this nation another $5 trillion. their favorite big business in wall street and a tax code that has resulted in major multibillion-dollar corporations paying no taxes -- yes, no taxes at all. in fact, a detailed government accountability office study of corporate income taxes from 1998-2005 showed that 55% of large u.s. corporations reported no, no tax liability for at least one of those eight years. yet, those same republicans will look us in the eye in defense of their defenseless position and tell us that most individuals do not pay taxes either. what they will not say is that those individuals who do not pay taxes do not pay taxes for a reason. they do not earn enough to pay income tax, and many of them are among the poor
, secretary panetta and the president discussed implementation of our strategy in afghanistan, including consolidation and training afghan security forces, the reduction of u.s. troop levels that the president announced last month and process of transitioning lead security to the afghan government. the president thanked everyone for their service and said that he looked forward to working with them closely as they take up their important positions. >> any discussions about continuing concerns about weakening of the effort? >> not in this meeting. i believe we addressed that issue. the president feels very strongly that because of the success we have had in making progress towards achieving our goals, defeating, disrupting -- dismantle and defeat, reducing the -- stopping the momentum of the taliban and training of afghan security forces, we can begin to draw down our surge forces. 10,000 this year and 30,000 next year. >> has treasury secretary geithner told the president that he would like to leave -- >> not that i'm aware of no. >> i think he will be here for the foreseeable future. [c
into a kill zone under heavy fire to find three missing marines and navy corpsman in afghanistan in 2009. sadly, they did not make it out alive, but mier is being honored for going beyond the call of duty. he's the third civilian to receive that honor from the wars in iraq and afghanistan. >> steve: what a story. >> alisyn: nail biting moment at the championship motor cross match in minnesota. look at this. >> whoa! we got trouble! zachary is down ask down hard! >> alisyn: that was motor cross rider chad reid. he was in the lead before wiping out with 450 riders coming straight at him full speed. even more incredible, reed remounted his bike, as you can see, moments later, finishing a respectable 14th in this race. wow. those are your headlines. >> brian: got to tell you what happened in the house yesterday. we heard the vote was taking place and it did. in the end it passed. cut, cap and balance and a time tally of 234-190. five democrats said that sounds good to me, but yet nine republicans defected and voted with democrats. in the end, it passed. but the republicans can say, look, you
wars, afghanistan and iraq. borrowed money to do it. these are past expenditures. here we are, days away from the default crisis, where our republican friends are using this moment in time, where we're not really discussing tomorrow's expenditures, we're talking about yesterday's expenditures and they're saying, give us our way our else america defaults. mr. welch: representative garamendi, i think the message from the democrats in the house of representatives is straightforward and logical. mr. tonko: we said save medicare, make it stronger. then we talk about cutting, cutting programs that don't create jobs. do those cuts where there's no jobs created. where there are, save those programs, strengthen them, provide for jobs by investing in education, in innovation, and in infrastructure. and it's very easy when you take the education investment, the infrastructure investment and certainly the education investment that equals jobs for americans. middle class americans. and that's what it's all about. if we create jobs, it drives down the unemployment factor, drives down the deficit.
and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including cutting unnecessary spending on agricultural subsidies and auctioning off electromagnetic spectrum that the government currently holds. finally, by cutting the government by over $2 trillion, we'll have to borrow less money than anticipated and that will save an additional $400 million -- sorry, $400 billion in projected interest costs. in total, the senate democratic plan on which we will vote would cut the deficits by $2.7 trillion over the next ten years. while senator reid's proposal would not address the tax gimmicks and loopholes throughout our tax code that help favor the well-connected, this omission does not m
and distinction in iraq and afghanistan would feel that way to draw back on the benefits that they earned. during the bush years our country spent $1.5 trillion in iraq and national defense. the turnaround in our budget picture during the bush years was remarkable. in october of 2008, cnn reported that the debt clock had run out of numbers. the debt clock actually had exceeded 13 digits that had been allotted to the clock and had to be revised. according to one report at the end of the bush term, the number of jobs in the nation increased by 2%. that's the lowest at anytime since data began to be collected seven decades ago. gross domestic product was at the lowest pace since the truman administration, and the price that america has paid for the theology that suggested during all of those years that tax cuts pay for themselves. you can't find a mainstream economist in this town today who will acknowledge that argument. and yet we hear now more tax cuts for the wealthiest americans. by the time that the bush years ended, the debt had increased to $10.6 trillion, setting a record for any administra
to die. these needs last long after the last american combat ants depart iraq and afghanistan. this motion to recommit would simply protect our veterans from any potential unintended consequence resulting from this ill-conceived bill, the so-called cut, cap and balance act. the needs of america's veterans should be one of our highest priorities and this motion will ensure that our veterans are taken care of and that they receive the benefits they have earned. let's be clear, the passage of this motion to recommit will not prevent the passage of the underlying bill. this amendment is adopted, it will be incorporated into the bill and the bill will be immediately voted upon. so though we may disagree on the bill, today we have the opportunity with this motion to recommit and my amendment to speak with one voice in support of our veterans. it is up to all of us, i urge you to vote yes on this motion to recommit. but let's make sure that if this bill as its -- passes, the cut, cap and balance and any balanced budget will not result in a reduction of veterans benefits. vote yes on
raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a more faster, more robust recovery with a greater job growth? >> well, as i said in my, in my testimony, we, given that there's a lot of uncertainty how the economy will evolve, we have to keep all options, both for tightening and for easing on the table. we're doing that. but, again, we are already providing an exceptional amount of accommodation and, as you know, recovery is still pretty slow. >> now i want to turn to the question of the debt ceiling. i know you discussed that quite a bit. i find it interesting under president bush's years, he raised the debt ceiling to the tune of about $5.4 trillion, during his period of time. i didn't hear the same comments then that
abroad in iraq and afghanistan and new entitlement program unpaid for, and a marketplace that instead of being a free market, which i support, became a free-for-all market in which investor decisions end up becoming collective risks to the entire country. and that's what we have been facing. instead of meeting this responsibility, they favor cuts in entitlements to seniors, to the disabled, the families struggling to make ends meet, to students seeking to get the college education that can help fuel america's prosperity. that's what we saw in the house republican budget that passed. but are willing to decimate our nation's economy to protect entitlements for the rich. they've dug in their heels and walled off irresponsible, unnecessary tax breaks for big oil companies. they've walled off entitlements to multibillion-dollar corporations and millionaires who need no entitlements because they believe, blinded by their ideological haze, that the rich are entitleed to their outrageous ways even if it means ballooning the deficit and sending the nation into default on its debt. entitlements
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